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Federal Reserve Keeps Interest Rates Low; Sees Economy Improving; Will Keep Buying Bonds

BB&T Corp

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  • "Current policy has created systemic financial risks and potential structural problems for banks," the Federal Advisory Council noted, according to minutes of its meeting on May 17, which the Fed posted on its public website.

  • NEW YORK, May 20- Freeport-McMoRan Copper& Gold Inc took a big step on Monday in its plan to expand into energy, when Plains Exploration& Production Co shareholders approved the miner's $6 billion takeover deal, sweetened by two special dividends.

  • FHFA oversees the government-controlled Fannie Mae and Freddie Mac, the mortgage financiers that own or back about half of all U.S. home loans. Bank of America Corp, Goldman Sachs Group Inc and Wells Fargo& Co were among his top 20 contributors in his last election, according to the Center for Responsive Politics.

  • April 10- Family Dollar Stores Inc reported a weaker-than-expected quarterly profit on Wednesday, blaming a delay in tax refunds for hurting sales at the end of January and in early February, and again cut its annual forecast. "We expected weakness and we got it," said Jefferies analyst Daniel Binder, who has a "hold" rating on Family Dollar shares.

  • March 19- Walgreen Co and partner Alliance Boots said on Tuesday they signed a 10- year deal with AmerisourceBergen that will include daily drug distribution, enabling Walgreen to increase its sales of pricey specialty drugs.

  • Early Movers: CCL, LYV, Banks & More Friday, 15 Mar 2013 | 7:48 AM ET

    Some of the names on the move ahead of the open.

  • Last Call: Markets Climb Higher Friday, 15 Mar 2013 | 2:01 AM ET

    On Friday, the Dow will shoot for an 11th straight day of gains as well as its 11th consecutive Friday gain. The Dow has not been down any day in March and any Friday in 2013, on pace for its 4th straight weekly gain, while the S&P 500 and the Nasdaq are up 3 weeks in a row.

  • *Nonetheless lets JPMorgan, Goldman proceed with plans. *Shares of JPMorgan, Goldman and BB&T fall after hours. March 14- In a blow to two major Wall Street banks, the Federal Reserve told Goldman Sachs and JPMorgan Chase that they must fix flaws in how they determine capital payouts to shareholders, but still approved their plans for share buybacks and dividends.

  • March 14- The Federal Reserve told Goldman Sachs and JPMorgan Chase that they must fix flaws in how they determine capital payouts to shareholders, but still approved their plans for share buybacks and dividends. The Fed vetoed submissions by BB&T Corp and Ally Financial.

  • Check out which companies are making headlines after the bell Thursday:

  • JPMorgan, Goldman Sachs Flagged in Fed’s Review Thursday, 14 Mar 2013 | 4:30 PM ET
    Federal Reserve Building, Washington, D.C.

    Most banks got the green light from the Fed with their capital plans. In a surprise, Goldman Sachs and JPMorgan Chase received only "conditional approval."

  • Fed rejects Ally, BB&T capital plans in stress tests Thursday, 14 Mar 2013 | 4:30 PM ET

    WASHINGTON, March 14- The Federal Reserve said on Thursday it had rejected plans by BB&T Corp and Ally Financial to return capital to shareholders, and is forcing Goldman Sachs and JPMorgan& Chase to improve the processes they use to determine their capital payouts. Goldman Sachs and JPMorgan received conditional approval for their capital payouts.

  • *KKR offers $76 per share for Garden Denver. March 8- Industrial machinery maker Gardner Denver Inc agreed to sell itself to private equity firm KKR& Co LP for $3.74 billion but some on Wall Street questioned the valuation, saying the company was worth much more.

  • Veteran bank analyst Richard Bove continues to be bullish on the banking sector.

  • How Wells Fargo Stacks Up to Other Big Banks Monday, 25 Feb 2013 | 10:23 AM ET

    Wells Fargo's valuation to the consensus forward earnings estimate is only slightly above the rest of the "big four" U.S. banks, despite being the strongest and steadiest earner among the group for many years. TheStreet.com reports.

  • U.S. Bancorp and JPMorgan have been unfairly punished, analysts say.

  • SEATTLE, Jan 25- The slow progress of investigations into battery problems on Boeing Co's 787 Dreamliner jets suggest the new plane could be grounded for months, raising fears that the financial hit to Boeing will be greater than had been initially predicted.

  • Earnings: The Catalyst to Get Stocks Moving? Wednesday, 16 Jan 2013 | 8:33 PM ET

    Traders will be watching Thursday's earnings closely for signs of any trend that could break stocks out of their doldrums.

  • Jan 11- Best Buy Co Inc on Friday showed the first concrete signs of a turnaround in its U.S. stores, with flat same-store sales during the key holiday season, helped by sales of tablets and mobile phones and improvement in its online business.

  • Jan 11- Best Buy Co Inc on Friday showed the first concrete signs of a turnaround in its U.S. stores, with flat same-store sales during the key holiday season, surprising analysts who had expected a decline.

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John Silvia, Wells Fargo Securities, and Barbara Marcin, Gabelli Dividend Income Fund, discuss whether investors should reconsider allocating their portfolios as the Fed wraps up its two-day policy meeting.

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Ken Langone, Invemed Associates chairman and president, called Fed Chairman Ben Bernanke a "lame duck."